Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
You can usually tell how I’m feeling just by knowing what I have playing in the background in my home office. If I’m feeling excited and engaged about the markets, I’ll put on something like Saving Private Ryan. On the other hand, if I’m feeling dejected and depressed (98% of my life), I’ll play the 1966 documentary Salesman or the 1994 documentary Crumb.
I’ve mentioned Crumb many times here on Slope, since it is such a persistent favorite of mine (you can watch it for free by clicking here……..you’re welcome). I watched it again today (yep, depressed), and I took note, as I always do, of Jessie Crumb, Robert Crumb’s talented and artistic son from an earlier marriage. He always impressed me as handsome, articulate, and incredibly well-adjusted considering what a messed-up father he had.
Not much of a day today. We remain in the “Industrials weak, NASDAQ and Small Caps dominate” kind of market. It feels like January 2000 in that respect, as the old-school megacaps are getting left behind by the young upstarts.
Well. Here we have it.
Those of us of a certain age will recall a frequent television commercial for paper towels illustrating how much more absorbent they were than the competition. They were described as “the quicker picker-upper“, and their absorbent qualities would be illustrated thusly:
It occurs to me that this is precisely the kind of market we are in right now. If bad news comes, sure, there might be a day or two of rumbling and hand-wringing, but it all gets absorbed, it all gets digested, and everyone moves on. Recent history has been just another example of this resilience. All the horror about a global trade war seems to have been shrugged off in a matter of three days. (more…)